Japan's Nikkei Enters Bear Market as South Korean Stocks Fall 6%

Japan's Nikkei 225 entered bear-market territory Friday as it fell 6%, while South Korea's KOSPI also shed 6% after an earlier plunge triggered a circuit breaker. The Nikkei fell 3,666.99 points, or 6%, to 57,410.91. It is more than 20% below its June closing peak, placing it in technical bear-market territory. South Korea's KOSPI fell 324.15 points, or 6.02%, to close at 5,059.65. Earlier, the index dropped more than 8%, moved below 5,000 and triggered its 11th circuit breaker of the year.

Source: TokenPost